Badger Meter (BMI) To Report Earnings Tomorrow: Here Is What To Expect

Water control and measure company Badger Meter (NYSE:BMI) will be announcing earnings results tomorrow before market hours. Here’s what you need to know.

Badger Meter beat analysts’ revenue expectations by 6.5% last quarter, reporting revenues of $216.7 million, up 23.2% year on year. It was a stunning quarter for the company, with an impressive beat of analysts’ operating margin estimates and a solid beat of analysts’ earnings estimates.

Is Badger Meter a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Badger Meter’s revenue to grow 13.9% year on year to $212.2 million, slowing from the 25.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.11 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Badger Meter has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 6.5% on average.

Looking at Badger Meter’s peers in the electrical equipment segment, only Acuity Brands has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 2.2%. The stock traded up 9% on the results.

Read our full analysis of Acuity Brands’s earnings results here.

There has been positive sentiment among investors in the electrical equipment segment, with share prices up 3.4% on average over the last month. Badger Meter is up 4.2% during the same time and is heading into earnings with an average analyst price target of $209.60 (compared to the current share price of $222.55).

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